RideNow Group, Inc.

RideNow Group CEO Michael Quartieri said the company made substantial progress on its refinancing efforts and expects to share more details in the near future. During the second quarter of 2026, same-store revenue reached $291.7 million, up 3% year over year, while adjusted EBITDA rose 19.2% to $20.5 million. Total revenue was $296.8 million, down from $299.9 million a year earlier, which CFO Joshua Barsetti attributed to operating five fewer stores following consolidation. Management reiterated its expectation to deliver strong adjusted EBITDA and free cash flow through the remainder of 2026 and indicated that completing the refinancing is the major near-term priority before pursuing acquisitions.

Sidus Space, Everspin Technologies, and RideNow Group are among the small-cap stocks expected to be added to the Russell 2000 index during its annual rebalancing on June 26. More than $11 trillion in assets are benchmarked to Russell indexes, meaning newly added companies can attract significant capital inflows from index funds and ETFs. Sidus Space, an end-to-end space-as-a-service company with a market cap of around $225 million, reported a 51% year-over-year revenue gain in Q1 2026 and narrowed its net loss by about 19%. Everspin Technologies, the leading developer of MRAM persistent memory solutions, posted Q1 2026 revenue of $14.9 million, up 14% year-over-year, and became profitable in the second half of 2025. RideNow Group, the leading U.S. retailer of powersports vehicles, saw powersports revenue rise 6.4% to $260.4 million in Q1 2026 and narrowed its net loss by 55.7% to $4.3 million. Each company enters the rebalance with improving fundamentals, though valuation and execution risks remain.